WATCH: Perspectives Property Report April 2025

Hi I’m Mark Harris, Managing Director of New Zealand Sotheby’s International Realty, welcome to the April episode of Perspectives.   

As we embrace the autumn season, there’s a renewed sense of optimism sweeping across New Zealand’s property market, particularly in the luxury sector. While the cooler months bring a change in weather, the latest market trends point to an abundance of opportunity on the horizon both for sellers and investors looking to capitalise on favorable economic conditions and key policy changes.  

The most recent data from REINZ paints an encouraging picture. Nationwide, sales volumes have increased by 3.4% year-on-year, indicating that the market is rebounding after the seasonal dip. Although the median house price saw a modest 2.4% decline compared to last year, the 2.9% month-on-month increase highlights that momentum is returning. This is particularly promising for sellers, especially in the luxury market, where price stability plays a critical role in attracting high-net-worth buyers.  

April 1st marks a key turning point for investors with the reinstatement of full 100% interest deductibility. With this tax benefit back in play, investors now have even more reason to explore opportunities, fueling demand for properties and hopefully increasing supplies for renters. In addition, the Reserve Bank of New Zealand is expected to continue lowering the Official Cash Rate (OCR), potentially reducing it to 3.25% by August 2025. This decrease will ease borrowing costs, making an investment even more appealing to both buyers and investors.  

Another exciting development this autumn is the revised Active Investor Plus Visa framework which simplifies the process for high-net-worth individuals to secure residency through investment, and we’re anticipating it to have a positive impact on the luxury property market.  

As international investors returning to New Zealand, competition for high-end properties is expected to increase, especially in sought after locations . The combination of improving economic conditions, reduced borrowing costs, and a pick up in international capital has the potential likely to accelerate activity. 

We’re already seeing strong results across NZSIR offices. Our Taupo office has just celebrated its best-ever month with sales totalling close to 30 million. Additionally, our Wellington office achieved its best-ever month in March along with very storng results in both Napier and Ponsonby. These milestones are just a glimpse of the positive momentum across the country.  

This momentum is further underscored by a selection of recent standout sales.  

The recent sale of 178 Blackbridge Road, in the heart of karaka offers the new owners a 2 hectares of prime rural land on a meticulously crafted estate.   

This prestige home in Canterbury, 138 Whites Road, Ohoka exemplifies the growing demand for exceptional lifestyle properties, combining the tranquility of rural living with easy access to Christchurch.   

Endsleigh Drive, Havelock North which offers some of the best views you'll find in Hawke's Bay, sold in March for over 3 million.  

In addition to these recent sales, we are excited to introduce several new listings that are already attracting significant attention.  

The property we’re filming at right now, 4B Lynch Lane, Queenstown stands out with it’s stunning views of Lake Wakatipu and the Remarkables Mountain range, situated in one of the most coveted locations in New Zealand.  

38 Kaipara View Road in Helensville offers a peaceful rural escape, with generous space, and privacy just 45 minutes from Auckland CBD all with mesmerizing views of the Kaipara Harbour.   

Finally, we are pleased to present a legacy home now open for expressions of interest designed for those who love to entertain in style. Located In Rotorua  at Pukehangi Road, Parkland Estate, this exceptional property offers a unique lifestyle. Featuring an infinity pool, a fully equipped gym, a sauna, and a host of luxurious amenities, this home is great example of meticulous thought and design. 

 

Thanks for joining me for this edition of Perspectives. This and other prior episodes are available to watch on nzsothebysrealty.com. That’s all for now, goodbye.